The business move makes sense at a time when audiences prefer an on-demand, internet-based model versus the nostalgic practice of popping in a DVD, according to Brian Raftery, a columnist for Fortune.
"The market for physical media like DVD and Blu-Rays has been decimated in recent years, as consumers have opted for subscriptions to streaming video services instead," he wrote in a column Thursday. "Disney's new plan will likely make its Disney+ streaming service, set to debut this fall, even more appealing to parents and die-hards."
Disney ended its relationship with Netflix, which had streamed Disney films for years, in 2018.
Fans chimed in about the announcement this week on Twitter, with many applauding the opportunity to stream their faves.
Though Iger confirmed the streaming service will launch later this year, there’s not a set date for the release.